CRH PUBLIC LTD CO Earnings Per Share Disclosure
| in $ millions, except share and per share data | 2025 | 2024 | 2023 | ||||||||
| Numerator | |||||||||||
Net income | 3,790 | 3,521 | 3,072 | ||||||||
Net (income) attributable to redeemable noncontrolling interests | (28) | (28) | (28) | ||||||||
Net (income) loss attributable to noncontrolling interests | (9) | (1) | 134 | ||||||||
Adjustment of redeemable noncontrolling interests to redemption value | (23) | (34) | (24) | ||||||||
| Net income attributable to CRH for EPS - basic and diluted | 3,730 | 3,458 | 3,154 | ||||||||
| Denominator | |||||||||||
Weighted average common shares outstanding – basic (i) | 673.2 | 683.3 | 723.9 | ||||||||
Effect of dilutive employee share awards (ii) | 3.8 | 6.2 | 5.3 | ||||||||
| Weighted average common shares outstanding – diluted | 677.0 | 689.5 | 729.2 | ||||||||
| Earnings per share attributable to CRH | |||||||||||
Basic | $5.54 | $5.06 | $4.36 | ||||||||
Diluted | $5.51 | $5.02 | $4.33 | ||||||||
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.